CAREL Group acquires Recuperator SpA

Italian multinational company Carel, one of the world leaders in control solutions for HVAC&R systems, has officially announced the acquisition of Italian company Recuperator SpA. Recuperator produces and designs air-to-air heat exchangers for HVAC systems.

CAREL said the acquisition was in line with one of its core strategies: targeting growth by merger and acquisition (M&A) activities. This also helps to strengthen the company by adding complementary product lines.

“The transaction completed today is an expression of a particularly important strategic direction, that of growth through M&A, to which CAREL is paying and will continue to pay particular attention over the coming quarters,” said Francesco Nalini, CEO, CAREL Group.

“The integration with dynamic, cutting-edge and complementary companies with respect to our business will be an accelerator of development that will be accompanied by organic growth, the latter based on the characteristics that have always distinguished us: innovation, energy efficiency and customer care," Nalini added.

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“The integration with dynamic, cutting-edge and complementary companies with respect to our business will be an accelerator of development that will be accompanied by organic growth, the latter based on the characteristics that have always distinguished us: innovation, energy efficiency and customer care."– Francesco Nalini, CEO, CAREL Group

CAREL wants to strengthen its position by offering complete solutions to manufacturers of air handling units – including heat exchangers from Recuperator SpA. The firm hopes the acquisition will help it to improve overall energy efficiency and system performance.

The regulatory context of the deal is favourable. CAREL says some categories of non-residential air handling units are required by law to be equipped with a heat exchanger, which the firm can now offer directly.